Thursday, September 25, 2014

Why the Heyday of Credit Card Fraud Is Almost Over

Why the Heyday of Credit Card Fraud Is Almost Over

In 1960, an IBM engineer named Forrest Parry was developing a new type of ID card for the CIA when he had an epiphany: Why not make each card a tiny data storage device in and of itself? He cut a short length of half-inch wide magnetic tape from a reel and wrapped it around […]


The post Why the Heyday of Credit Card Fraud Is Almost Over appeared first on WIRED.




















from WIRED » Threat Level http://wrd.cm/1v2TU1F

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